AM Best Affirms Credit Ratings of The National Security Group, Inc. and Its Subsidiaries
National Security Group, Inc. (NSEC)
US:NASDAQ Investor Relations:
nationalsecuritygroup.com/investors/investors.aspx
Company Research
Source: Business Wire
OLDWICK, N.J.,--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” of National Security Fire and Casualty Company (NSFC). In addition, AM Best has affirmed the FSR of B+ (Good) and Long-Term ICR of “bbb-” of NSFC’s wholly owned subsidiary, Omega One Insurance Company, Inc. (Omega). AM Best also has affirmed the FSR of B++ (Good) and Long-Term ICR of “bbb” of NSFC’s affiliated life/health insurer, National Security Insurance Company (NSIC). Concurrently, AM Best has affirmed the Long-Term ICR of “bb” of The National Security Group, Inc. (NSGI) (Wilmington, DE) [NASDAQ: NSEC], the parent holding company. The outlook of these Credit Ratings (ratings) remains stable. All companies are domiciled in Elba, AL, unless otherwise specified.The ratings of NSFC reflect the company’s balance sheet strength, which AM Best categorizes as very strong, as well as its marginal operating performance,
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